2. GROUP ADDITIONAL VOLUNTARY CONTRIBUTION SCHEME INFORMATION PACK

3. New Ireland Assurance are the Appointed Providers Of the NUI Galway Group AVC Scheme. National University of Ireland, Galway have appointed New Ireland to operate this Scheme for all members, on the recommendation of Mercer Consultants. New Ireland will provide Group Presentations, individual Consultations, and correspondence (letter/email) to all Employees interested in Additional Voluntary Contributions. Added Years Scheme also available – contact NUIG for information on this.

4. Introduction. Just ask yourself will the Pension provided by NUIG be enough to retire on??? You may wish to retire earlier than Age 65. You may not have the maximum Years Service with NUIG. Your Pension may be integrated with the State Old Age Pension (OAP).

5. Tax advantages of contributing to AVC Scheme. Full Tax Relief at your marginal rate of tax (20%, 42%) May also attract PRSI relief of 6% Tax Free Growth in Fund Tax Free Lump Sum at Retirement.

6. The % of salary that you can contribute to Pensions And attract full tax/PRSI relief: Pensions And attract full tax/PRSI relief: Up to age 3015% 30 to 3920% 40 to 4925% 50 to 5430% 55 to 6035% Age 60 +40% (maximum salary of €254,000)

7. Further Pensions Incentive by Government from SSIAs Recently introduced by the Government You can invest part of your SSIA money into Pension and get further Bonus and Avoid Exit Tax. It is advised to talk to Professional Financial Advisor to ascertain if this Scheme would be suitable to you.

8. Maximum Flexibility at Retirement Your AVC Fund can be used to enhance the benefits provided by NUIG Pension Scheme (subject to Revenue limits): A Tax-Free Lump Sum at Retirement – without reducing main scheme pension A Pension payable for your Life (may continue to spouse / dependents) Invest your Fund in AMRF/ARF Approved Retirement Fund Take a Taxable Lump Sum Increase Lump Sum payable on Death in Service

9. ARF / Taxable Lump Sum New Options await you on Retirement. Approved Retirement Funds  Allow your AVC proceeds to grow in a very tax efficient manner whilst in retirement.  Over 97% of your Fund grows Tax Free in Retirement while invested in AMRF/ARF.  Broad range of investment options from Deposits, Managed Funds and Guaranteed Investment Funds.  You will have Full Control and Full Access to your ARF.  ARF can be passed on to your Spouse/children/estate as part of your Inheritance Tax Planning. Immediate Taxable Lump Sum also available

10. What Should I Do Next? Contact: Ms Breda Kenna, Pensions & Investments NUI Galway Ph 091-524411 Ext 5028 or Email: Breda.kenna@nuigalway.ie@nuigalway.ieOR: Noel Hackett, QFA, Pensions Consultant New Ireland Assurance, Eyre Square, Galway Tel 091-563023; Mobile 086-8186163 email: Noel.hackett@newireland.ie

11. Please email Noel.hackett@newireland.ie if you would further information or a personal quotation;or to open YOUR AVC account to secure your retirement. The following information will be required: Your name, date of birth, marital status, tax rate(20/42%), current salary, date joined NUIG Scheme, estimated total number of years Service (max 40) in NUIG Pension Scheme, Your Dept location, your contact details.

12. New Ireland Assurance was founded in 1918 as the first Irish company to provide Pensions and Investments and Life cover products. Since 1997 New Ireland is a member of the Bank of Ireland Group. New Ireland Assurance is the leading provider of Pensions and AVCs and investments. New Ireland have won many Moneymate awards for their sucessful Pension funds, consistantly delivering returns greater than the average of all other providers. New Ireland Assurance & BIAM have over €43Billion under management for its clients. Comhlucht na hEireann um Arachas Teo, cpt (New Ireland Assurance Company, plc) 11-12 Dawson Street, Dublin 2. Registered in Ireland No 7336. New Ireland Assurance Company plc is regulated by the Financial Regulator. A Member of Bank of Ireland Group.